Elon Musk lost $33.9 billion on Friday as his fight with President Donald Trump heated up. Bloomberg tracked the massive loss and called it one of the worst single-day drops ever recorded. Tesla stock fell 14 percent and brought Musk's total wealth down from $368 billion to $335 billion. The Bloomberg Billionaire Index shows these numbers. Since January 2025 started, Musk has lost almost $98 billion total.
Musk helped Trump win his second presidency. The two men worked together until they disagreed about Trump's tax bill. Trump told reporters he felt let down when Musk spoke against the legislation. Musk posted on his X platform Thursday and said Trump showed ingratitude after Musk claimed he helped make Trump president. The argument got worse when Musk said Trump should face impeachment over connections to Jeffrey Epstein.
Trump responded with threats to cancel government contracts worth billions of dollars. These contracts involve Musk's companies. The public battle between the two powerful men continues to grow. Their friendship turned into a bitter dispute over policy and personal attacks.
Musk helped Trump win his second presidency. The two men worked together until they disagreed about Trump's tax bill. Trump told reporters he felt let down when Musk spoke against the legislation. Musk posted on his X platform Thursday and said Trump showed ingratitude after Musk claimed he helped make Trump president. The argument got worse when Musk said Trump should face impeachment over connections to Jeffrey Epstein.
Trump responded with threats to cancel government contracts worth billions of dollars. These contracts involve Musk's companies. The public battle between the two powerful men continues to grow. Their friendship turned into a bitter dispute over policy and personal attacks.
